Offers Banks HSBC UK vs Santander
HSBC UK vs Santander switch offer
HSBC UK pays £220 for switching to the HSBC UK Bank Account; Santander pays £240 for the Santander Everyday Current Account. They differ on Direct Debits, what you pay in, what else you must do, when it’s paid and who can get it.
Side by side
From each bank’s own terms. What differs comes first; what’s the same is folded below.
| What | HSBC UK | Santander |
|---|---|---|
| Reward Pocketly counts differs | £220 | £240 |
| The bank’s total differs | £220 | £240 |
| Direct Debits differs | 2 | 2, 2 household bills |
| Pay in differs | £2,000 | £1,500 + £200 into a linked saver |
| Card, salary or app differs | £500 card spending | Nothing |
| When it’s paid differs | Paid about 60 days after you meet the conditions | Paid 60–90 days after you ask to switch |
| Who can get it differs | No HSBC UK or first direct account since 2023 | No Santander switching reward ever |
| Can’t share a plan with differs | first direct, HSBC Premier | Any of these |
Can I get both?
Pocketly can plan both, one after the other, if your accounts and cash allow it; it works out the order and when each pay-in is needed.
Each bank’s page: HSBC UK · Santander. Planning tool, not financial advice; each bank’s live terms are final.